The guru who wrote “Rich Dad Poor Dad” recommends investing against inflation

The guru of the markets Robert Kiyosaki, recognized best-selling author “Rich father poor father”referred to the global inflation situation, and gave his recommendations on what to invest in in that context.

“The whole system is in trouble. My biggest concern is that inflation is now systemic. When Powell said it was transitory, that was a lie,” Kiyosaki told CNBC.

While US inflation is currently hovering around 5% year-on-year, it peaked at over 9% in June 2022, with some real economy prices rising even further outside the benchmark.

For the financial guru there are at least 4 sectors in which investments must be focused to protect themselves from inflation:

“I invest with inflation, not against it,” said the expert. In this framework, Kiyosaki urged investors to focus on four assets in particular:

Gold

Gold is considered by many to be “the ultimate haven of value”, it is one of the guru’s favourites, since it is “real money” and not fiat money like the dollar itself, which he described as “junk”.

In this note we explain how to invest in gold.

Estate

On the other hand, the millionaire emphasized the importance of having several properties placed for rent in order to generate a flow of funds through their income, which would alleviate the effects of inflation.

However, today in Argentina rental income is low and a large part of the market turned to temporary rentals to foreigners and the dollarization of values.

fuels

In turn, for Kiyosaki, fuel continues to be essential in these times, and he warned that it will continue to rise in price, which is why this raw material is in his investment portfolio.

In Argentina, the actions of the energy sector are solid.

Food

Finally, the guru indicated that the foods that are bought on a daily basis in the supermarket, such as canned tuna, are a good option to at least temporarily maintain purchasing power.